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under his watch improved things or left taxpayers more vulnerable than ever. the economy is not in free-fall, nor are the markets frozen, as many describe the financial crisis timothy geithner faced when he became treasury secretary as president obama was sworn into office the first time. finance professor dale rosenthal says government- directed taxpayer bailouts helped stabilize the economy. "instead of a big drop, we saw a softer landing but a longer recovery." under secretary geithner, the treasury department participated in bank bailouts despite risky gambles that led to the subprime mortgage collapse. critics say that under giethner, there was no assurance that banks would use their money to lend to business and homeowners. "there was no reportability, no accountability, it was just, 'give me the money and i'll save us.'" "the one part of the stimulus that worked was the money to state and local governments that went to teachers, firefighters, city workers. if that hadn't happened, unemployment would've been significantly worse." there were more bailouts. geithner oversaw $182 bil
in 2012. i don't think you are going to get quite the'e got to get the money working in the economy. think about it: no one really thinks we can get back to all-time highs, even though we had a good year in most mutual funds, indexes and general stocks last year. so there is a lot of skepticism that we can get going. but you heard my targets right here. > i love that i heard them here. so it is all about the indices. but are there individual stocks that you would buy at this level? > > the past few years a lot of people have been focused on sort of special situations, especially mining stocks, commodities, and natural resources. but i think it is sort of the all-americans, your procter & gambles, your american expresses, so don't forget your financials and your health care stocks. get that waiting back up to where it should be. > all right matt. we have your call on tape. we will play it back at the end of 2013 and see how you did. > > i will see you in 365 days. with no presidential election, no stimulus programs on the horizon and healthcare reform upheld, 2013 should be smooth sailing f
economy now that is slowly but surely- i am not going to say it's great- but it is better than it was, and i think that's helping that oil price, and i think that the market will shrug off anything from overseas right now. i think if it was a middle eastern problem, yes. but right now, not north korea. > there was a major fallout from apple's disappointing earnings. how much further will this stock fall, do you think? where is the bottom here? > > i think it could go probably another 10% more. i think it could be the $410, $400 level, because i think ultimately it has fallen out of favor. like sometimes a bar just becomes unpopular for no good reason. i think that has kind of happened to apple here. they have lost steve jobs obviously, they haven't had anything really new to roll out. so they are going to have to have some sort of event to stop the slide. > scott shellady of trean group. good to talk to you today. have a nice weekend. > > ok. all hands are on deck to get to the bottom of boeing's battery troubles. that's according to the national transportation safety board, which sai
see a big upside in the tech sector. >> tech is here. it's one of our grapt strengths of our economy. -- great strengths of our economy. there is so much opportunity for growth there. >> a short-term fix on the debt sealing and indicators such as housing moved stocks higher. >>> tensions ran high at a discretional hearing as they grilled secretary of state hillary clinton about the again i cannot seeie attack. >> the american people deserve to know answers and they certainly don't deserve false answers. >> senator john mc cane criticized for the initial attack that killed four americansy several republicans say americans were misled and were told it started as a protest. the secretary fired back. >> the fast is we have four dead americans because of a protest or because guys out for a walk and decided they'd go kill some americans. what point at this point does it make? >> clinton spent five and a half hours answers questions before the house and senate committee. this is likely her formal testimony as secretary of state. >>> ahead in three minutes, a land mark for women in the armed
...how the recent dip in american paychecks-- is effecting the economy. the school of sachs. do you have what it takes to cut it in a goldman sachs business class? and... why bulls are rushing the market ... first business starts now.... you're watching first business: financial news, analysis, and today's investment ideas good morning, i'm angela miles. it's january 22nd. in today's first look strap yourself in.. between action this weekout of washington and a heavy week of earnings it's likely to be an active trading week. stocks inched up modestly during the past trading week. nasdaq gained the least-- mostly because shares of apple lost nearly 4%. the senate takes up the assault weapons ban... and johnson and johnson is reportedly negotiatin a $2 billion dollar settlement with patients who received recalled artifical hips philip streible of rjo futures joins us now for a look at the trading week ahead. good morning to you. hope you had a nice weekend off. let's start with this bullish situation. i'm almost starting to feel like there are too many bulls in the market. everybody loves t
economy will reconsider his nomination. >>> ever snapped a picture of your dinner? the move at some restaurants now to ban cameras. >> also a south bay community overwhelmed by deer. the plan to deal with a population >>> residents of a san jose retirement committee say they are being overrun by deer. deer have lived in the community for so long they've lost their fear of humans. besides causing thousands of dollars of damage to the landscape each year, some say the tier are a threat to pets and also drivers. now ao wildlife management company plans to start sterilizing the females after shooting them with tranquilizer guns. but critics of the plan say that could be dangerous for the deer. >> it's very stressful for the animals. they've been known to die from the stress of being tranquilized. >> the sterilelyization effort is set to begin this weekend. the plan also calls for 30 deer to be relocated outside of that community. >>> the harbaugh brothers upcoming super bowl faces a unique rivalry. >> reporter: sibling rival riff are recorded back to biblical times. the williams sisters
debts. >> but if the economy keeps growing and if there is room to invest in the appropriate ways whether it be health and human services or education. we will of course do that. reporter>> governor brown says building a rainy day fund is key because our surplus could be wiped out by decisions made by the federal government on health care for example. which could cost our state billions of the dollars. in sacramento, ken pritchett, ktvu channel 2 news. >>> and at ktvu.com we posted more video of the governor's state of state address. look for the video player right there on our home page. >>> the district attorney has decided she will not bring charges against senior officials at a state park's department for hiding millions of the dollars in state funds. a report from california's attorney general accused state park officials of keeping a secret slush fund even as they threatened to close seven state parks because of funds. camela harris forwarded the report to the d. a however the d.a.'s office now says it would be difficult to prove wrong doing plus the money was never spent an
Search Results 0 to 6 of about 7